Bengaluru-based B2B marketplace Jumbotail has become India’s latest unicorn, securing over ₹1,000 crore (approximately $120 million) in a fresh funding round led by SC Ventures, the investment arm of Standard Chartered Plc. The round also saw participation from existing backer Artal Asia. However, the startup didn’t publicly confirm its valuation, reports indicate that Jumbotail has surpassed the $1 billion mark, following a previous valuation of around $900 million.
The funding comes on the heels of Jumbotail’s acquisition of Solv, a smaller rival in the B2B and SME commerce space, which was originally supported by SC Ventures. The deal, first announced in March 2025, received regulatory approval from the Competition Commission of India in May. This strategic acquisition has broadened Jumbotail’s offerings, especially in credit and fintech services tailored for India’s micro, small, and medium enterprises (MSMEs).
“This is a transformative moment in our journey,” said Ashish Jhina, co-founder and Chief Operating Officer of Jumbotail. “Together with Solv, we now help thousands of brands and MSME sellers reach over 500,000 small retailers across more than 400 cities and towns in India.”
SC Ventures emphasized its commitment to financial inclusion and SME empowerment through this investment. “This partnership reflects SC Ventures’ commitment of advancing financial inclusion and empowering micro-small and medium enterprises (MSMEs) — the economic backbone of the markets we serve,” said Alex Manson, CEO of SC Ventures. “MSME entrepreneurs will be central to shaping a resilient, inclusive and efficient retail ecosystem in India.”
Leadership of the combined company will remain with Jumbotail’s co-founders, S. Karthik Venkateswaran and Ashish Jhina, while Gautam Jain of SC Ventures will join the board. “Rooted in a shared vision of responsible innovation with real impact for India’s entrepreneurs, the platform will empower India’s small retailers and MSMEs through a tech-driven B2B ecommerce ecosystem,” said Gautam Jain, Chairman of Solv India.
Jumbotail, founded in 2015, operates a full-stack platform including a wholesale marketplace, supply chain infrastructure, and embedded financial services. With this fresh capital and expanded capabilities, the company plans to accelerate hiring across key areas, including product, supply chain, AI/ML, marketing, and finance.
